Covid-19 has caused considerable stress and misery but every cloud has a silver lining and that lining in the case of covid-19 may be the speedy development of a regime for permitting companies to sign documents using electronic means rather than the so-called ‘wet’ signatures of directors.
Corporations Act
Director identification number (Director ID) guidelines
Effective today the ATO has implemented new requirements regarding director identification numbers. The following covers the key changes to be aware of.
New measure for company processes using technology
The Federal Government has released exposure draft legislation to support companies and their officers using technology to satisfy Corporations Act 2001 requirements.
Succession planning for private companies
For those wanting to ensure that a particular family member becomes the director of a family company when the current director passes, it’s a minefield.
Electronic company document execution
Electronic execution of documents is bedevilling lawyers across the country because of the complex interweaving of various statutes and the common law.
How is FASEA impacting our industry?
Financial Planners are under the spotlight and FASEA is forcing many to consider their future in the industry.
SMSFs as ‘wholesale clients’ or ‘sophisticated investors’
It can be beneficial sometimes for an SMSF to be considered a ‘wholesale client’ or a ‘sophisticated investor’ in order to get access to investments that might not be open to ‘retail clients’. This may be because the promoter doesn’t want to go to all the expense and trouble of fully complying with the securities law requirements for ‘retail clients’.
Vesting order used effectively in recent case
When a corporate trustee is de-registered, the corporate entity ceases to exist, but this does not mean that the trust is also “de-registered”.